Next Century Associates Announces $2 Billion Vision for Century City

Next Century Associates, LLC, a partnership between Los Angeles based real estate investor Michael Rosenfeld and an entity in the D.E. Shaw Group, today unveiled plans for a $2 billion mixed-use project on the 5.75 acre Century Plaza hotel site. The project will feature two soaring towers rising from a grand plaza with a 240 room Five Star hotel and 163 hotel residences, 130 luxury residential condominiums, 100,000 square feet of office, 106,000 square... 

The Landmark Plaza Wins New York Region’s Prestigious 2008 “Restoration / Renovation of the Year”

The iconic Plaza at the intersection of Central Park South and Fifth Avenue has been selected as the tri-state region’s 2008 Renovation Project of the Year by New York Construction magazine, the authoritative industry monthly published by McGraw-Hill. The publication cited the outstanding three-year, $400 million, lobby-to-roof restoration of the legendary landmark. Miki Naftali, President and CEO of El-Ad Group, owner of the storied castle on the... 

American Realty Advisors Provides Preferred Equity Financing for the Grand Hyatt Washington

American Realty Advisors announced that it has provided preferred equity financing to an affiliate of Quadrangle Development Corporation for the recapitalization of the Grand Hyatt Washington, an 888 room, luxury full-service hotel located in the burgeoning East End of Washington, DC. The investment was executed on behalf of one of American’s separate account clients. The Grand Hyatt Washington, built in 1987, underwent a full-scale guestroom,... 

John Q. Hammons’ Embassy Suites(R) Murfreesboro – Hotel & Conference Center Opens Ahead of Schedule

The new Embassy Suites® Murfreesboro – Hotel & Conference Center in Tennessee at 1200 Conference Center Boulevard is open to the public. One of the largest facilities of its kind in the area, the 10-story, 283-suite hotel and conference center offers 80,000 gross square feet of flexible meeting and event space. Featuring a contemporary décor, the hotel is owned by hotel legend Mr. John Q. Hammons and is managed by Springfield-Mo.-based John... 

Chicago’s Historic Places Revitalized; 22 Properties to Be Honored at Landmark Preservation Awards

The mansions of magnates, the hotel of presidents, the turn-of-the-century homes of Chicagoans, and other community treasures have recently been restored with special attention to historic architectural features. These and other Landmark buildings and their owners, 22 in all, honored today with the Chicago Landmark Award for Preservation Excellence. ADVERTISEMENT “It’s an honor to recognize these outstanding citizens who are truly dedicated...